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I am not expert in blockchain but how can you wash money with transaction fees, you can't know where the fee are going, right ?
by dezmou 6y ago
I am not expert in blockchain but how can you wash money with transaction fees, you can't know where the fee are going, right ?
- brokensegue 6y agoYou can if the miner is doing the laundering
- itake 6y agoHow would you know which miner would get the fee?
- Acrobatic_Road 6y agoBy only giving the transaction to one specific miner.
- deleted 6y ago[deleted]
- lostmyoldone 6y agoI don't know the specifics of etherum, I actually do think they are somewhat robust against the more trivial attacks. However, in some blockchains it is absolutely feasible to become a majority miner for a short period of time by simply renting cloud resources. If the network is further temporarily reduced due to internet connectivity flapping/segmentation, it might be cheap. 1) Situate yourself in a country with poor connectivity. 2) Trip a breaker to zap most of the connectivity 3) Spin up a gazillion cloud instances 4) Compete more-or-less only with national miners.
- everfree 6y agoThe fee goes to the miner of the block with the transaction in it, the "next block" in a simplified sense. If you've already mined the next block yourself, you can publish the transaction directly in the block itself instead of loose out to the network like a pleb. Then you'll be effectively guaranteed to get the transaction fee yourself.
- sixothree 6y agoCan we see if this particular transaction was broadcast to the network?